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ZhouTong is a thief and con man. https://bitcointalk.org/index.php?topic=95738.0 https://bitcointalk.org/index.php?topic=95738.0 He WILL steal your money. Do

ZhouTong is a thief and con man. https://bitcointalk.org/index.php?topic=95738.0 https://bitcointalk.org/index.php?topic=95738.0 He WILL steal your money. Do not trust him.

StavrosK 14y ago
I don't understand this, it seems to be posted all over this thread, but it doesn't make much sense. Did anyone get it?
- zhoutongd 14y ago
  ZhouTong founded bitcoinica. Bitcoinica was an advanced bitcoin trading platform. Zhou Tong stole customer funds. That link has all the evidence you need to make up your own mind.
  - DiabloD3 14y ago
    I'm a BitcoinTalk mod. Zhoutong is a scammer, he operated an illegal bucket shop known as Bitcoinica and tried to hide the true nature of the operation just so he could close it down at its peak and steal several thousand BTC from customers trading futures on his platform, He then tried to cover up the theft by selling it to the people who run Intersango and tried to blame them for the missing Bitcoins. He also tried to blame "hackers" for it. In addition, users are suing him for close to half a million dollars for his lies. His defense is hes claiming he was 17 at the time (early 2012). http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/ http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-...
- kgo 14y ago
  There's a lot in that thread to sort through, but... The exchange that zhou founded had about 60,000 bitcoins stolen in two instances. Plenty of evidence pointed to an inside job, probably by zhou himself. This link provides Zhou's explanation of what 'really' happened, where he claims a Chen Jianhai, Chinese multi-millionaire with ties to organized crime who hunts for ancient relics and artifacts in his spare time, was the 'real' thief. https://bitcointalk.org/index.php?topic=95795.0 https://bitcointalk.org/index.php?topic=95795.0 I'll leave it to others to assess the plausibility of this scenario.
  - StavrosK 14y ago
    Ugh, now I font know if I can trust them with my domains. Too bad, I might have to move away.
    - zhoutong 14y ago
      The events following the acquisition of my previous startup Bitcoinica gave me a big hit on reputation. This made really frustrated as well. Basically I sold 100% financial interest in October/November 2011 and I stopped all involvement in the company after April 2012 when I started NameTerrific. The new management was unable to process refunds to affected customers and a series of chaotic events blew up. Many were made up (especially the insider job theory about the last hack) for profit (for example, the owner of the exchanger who wrote the story retained $40,000 funds illegally and refused to provide any information needed to reclaim the money). Your domains will be safe as I had absolutely no intent to operate any unethical business. Bitcoinica was controlling at peak $1 million in assets during my management and nothing went wrong at that time.
      - zhoutongd 14y ago
        This is an outright lie. Zhou Tong not only was running bitcoinica when ALL THE RECORDS WERE DELETED. BUT HE WAS THE ONE WHO DELETED THEM SO HE COULD STEAL THE MONEY!!

ZhouTong is a thief and con man. https://bitcointalk.org/index.php?topic=95738.0 https://bitcointalk.org/index.php?topic=95738.0 He WILL steal your money. Do not trust him.

StavrosK 14y ago

I don't understand this, it seems to be posted all over this thread, but it doesn't make much sense. Did anyone get it?

zhoutongd 14y ago
ZhouTong founded bitcoinica. Bitcoinica was an advanced bitcoin trading platform. Zhou Tong stole customer funds. That link has all the evidence you need to make up your own mind.
- DiabloD3 14y ago
  I'm a BitcoinTalk mod. Zhoutong is a scammer, he operated an illegal bucket shop known as Bitcoinica and tried to hide the true nature of the operation just so he could close it down at its peak and steal several thousand BTC from customers trading futures on his platform, He then tried to cover up the theft by selling it to the people who run Intersango and tried to blame them for the missing Bitcoins. He also tried to blame "hackers" for it. In addition, users are suing him for close to half a million dollars for his lies. His defense is hes claiming he was 17 at the time (early 2012). http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/ http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-...
kgo 14y ago
There's a lot in that thread to sort through, but... The exchange that zhou founded had about 60,000 bitcoins stolen in two instances. Plenty of evidence pointed to an inside job, probably by zhou himself. This link provides Zhou's explanation of what 'really' happened, where he claims a Chen Jianhai, Chinese multi-millionaire with ties to organized crime who hunts for ancient relics and artifacts in his spare time, was the 'real' thief. https://bitcointalk.org/index.php?topic=95795.0 https://bitcointalk.org/index.php?topic=95795.0 I'll leave it to others to assess the plausibility of this scenario.
- StavrosK 14y ago
  Ugh, now I font know if I can trust them with my domains. Too bad, I might have to move away.
  - zhoutong 14y ago
    The events following the acquisition of my previous startup Bitcoinica gave me a big hit on reputation. This made really frustrated as well. Basically I sold 100% financial interest in October/November 2011 and I stopped all involvement in the company after April 2012 when I started NameTerrific. The new management was unable to process refunds to affected customers and a series of chaotic events blew up. Many were made up (especially the insider job theory about the last hack) for profit (for example, the owner of the exchanger who wrote the story retained $40,000 funds illegally and refused to provide any information needed to reclaim the money). Your domains will be safe as I had absolutely no intent to operate any unethical business. Bitcoinica was controlling at peak $1 million in assets during my management and nothing went wrong at that time.
    - zhoutongd 14y ago
      This is an outright lie. Zhou Tong not only was running bitcoinica when ALL THE RECORDS WERE DELETED. BUT HE WAS THE ONE WHO DELETED THEM SO HE COULD STEAL THE MONEY!!